Settings8H · net · $10k
Funding arb · Price arb /

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.036%
Price spread now: Jupiter Perps against HTX+0.023%7-day average +0.024% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.112%−$11 on $10k
Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.023%, 7d avg +0.024%
Together, before fees−0.061%−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTC-USDT85,5110.0100pay 0.0100% / 8h4h 21m$2.26B$942.5M200x
ShortJupiter Perps WBTC-PERP85,530.3L +0.0104% / S +0.0056%pay 0.0007% / 1h21m 42s$107.5M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$32.76
Price spread: +0.023% → +0.024%
−$0.14
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$56.9
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 2 min ago; Jupiter Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 2 min ago0.01 bp6.0 bp −$66.0 bp −$607.6 bp −$76510.3 bp −$5,143
Sell Jupiter Perps no order-book sample
Jupiter Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC−0.0179%1h85,485−0.030%$2.1M$10.3M40xas long as short
Hotstuff BTC-PERP−0.0080%1h85,531+0.023%$8K$3K50xas long as short
01 Exchange BTCUSD−0.0056%1h85,513.8+0.003%$365K$2.3M50xas long as short
BloFin BTC-USDT−0.0023%8h85,519.6+0.010%$417.1M$667.7M150xas long as short
KuCoin XBTUSDTM−0.0021%8h85,460.6−0.059%$918.4M$751.4M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h85,519.4+0.010%$36.5M200xas long as short
Aster BTCUSDT+0.0012%8h85,474−0.043%$515.3M$1.10B200xas long as short
dYdX BTC-USD+0.0014%1h85,497.7−0.016%$16.7M$21.2M50xas long as short
Nado BTC-PERP+0.0021%1h85,494.8−0.019%$25.4M$222.3M50xas long as short
Arcus BTC-USD+0.0021%1h85,498−0.015%$4.4M$98.0M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDC+0.0062%8h85,474.7−0.042%$17.1Mas long as short
Phemex BTCUSDT+0.0073%8h85,492.1−0.022%$147.6M$487.6M150xas long as short
Bitget BTCUSDT+0.0078%8h85,475.7−0.041%$2.95B$5.07B150xas long as short
Reya BTCRUSDPERP+0.0083%1h85,496−0.018%$6.7M$146.7M40xas long as short
Lighter BTC+0.0096%1h85,482.1−0.034%$172.7M$1.01B50xas long as short
Lighter RH BTC+0.0096%1h85,482.1−0.034%$23.9M$149.2M50xas long as short
Popdex BTCUSDT+0.0096%1h85,521+0.012%$8.4M$52.9M100xas long as short
Aevo BTC-PERP+0.0096%1h85,513.3+0.003%$2.5M$1.7M20xas long as short
MEXC BTC_USDT+0.0097%8h85,472.1−0.045%$5.06B$5.64B500xas long as short
Binance BTCUSDT+0.0098%8h85,472.6−0.045%$9.36B$24.14B150xas long as short
Katana Perps BTC-USD+0.0100%8h85,484−0.032%$210K$8.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h85,539+0.033%$4.9M$9.0M50xas long as short
Hyperliquid BTC+0.0100%1h85,567+0.065%$3.75B$4.98B40xas long as short
Pacifica BTC+0.0100%1h85,504.9−0.007%$40.7M$580.0M50xas long as short
Bybit BTCUSDT+0.0100%8h85,464.4−0.054%$5.21B$9.79B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h85,470.5−0.047%$2.58B$12.13B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h85,474−0.043%$3.9M$18.2M25xas long as short
Bulk BTC-USD+0.0100%1h85,516+0.006%$659.1M$647.8M40xas long as short
Gate BTC_USDT+0.0100%8h85,494.3−0.020%$5.51B$10.73B200xas long as short
Backpack BTC_USDC_PERP+0.0100%1h85,476.2−0.041%$35.7M$176.6M75xas long as short
Variational Omni BTC+0.0100%8h85,455.5−0.065%$153.7M$564.5Mas long as short
edgeX BTCUSDC+0.0100%4h85,482.9−0.033%$279.2M$920.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h85,448.2−0.073%$214.5M$169.2M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h85,521.5+0.012%$139.8M$314.7M100xas long as short
StandX BTC-USD+0.0100%1h85,512+0.001%$30.2M$208.2M40xas long as short
Vest BTC-PERP+0.0100%1h85,567.9+0.066%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h85,513+0.002%$11.1M$14.3M50xas long as short
Bullet BTC-USD+0.0100%1h85,505.6−0.006%$190K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h85,518.4+0.009%$2.4M$8.8M100xas long as short
Bluefin BTC-PERP+0.0100%1h85,556.7+0.053%$207K$738K40xas long as short
Derive BTC-PERP+0.0100%1h85,511.9+0.001%$29.9M$50.4M15xas long as short
SunX BTC-USDT+0.0100%8h85,493.9−0.020%$2.9M$6.1M100xas long as short
SoDEX BTC-USD+0.0100%1h85,506−0.006%$59.9M$336.2M40xas long as short
HTX BTC-USDTlong+0.0100%8h85,511long leg$2.26B$942.5M200x
Extended BTC-USD+0.0104%1h85,464.3−0.055%$44.7M$230.7M50xas long as short
Jupiter Perps WBTC-PERPshortL +0.0104% / S +0.0056%1h85,530.3+0.023%$107.5M500x
Coinbase International BTC-PERP-INTX+0.0104%1h85,540.9+0.035%$117.1M$5.19B50xas long as short
Deribit BTC-PERPETUAL+0.0116%1h85,548.3+0.044%$884.7M$1.57B50xas long as short
Injective BTC/USDC PERP+0.0150%1h85,475−0.042%$339K$26.9M52xas long as short
Kraken Futures PF_XBTUSD+0.0170%1h85,524.4+0.016%$187.6M$955.0M100xas long as short
RISEx BTC/USDC+0.0194%1h85,542.1+0.036%$8.2M$42.5M25xas long as short
Aftermath Perps BTCUSD+0.0198%1h85,522+0.013%$78K$219K20xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0177%1h85,518.9+0.009%$13.4M200xas long as short
Hibachi BTC/USDT-P+0.0208%1h85,554.3+0.051%$703K$7.9M30xas long as short
Kalshi KXBTCPERP+0.0218%8h85,538+0.032%$10.3M$756.6M6.4xas long as short
Perpl BTC+0.0447%43m85,532.4+0.025%$500K$18.8M6.7xas long as short